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Downcast earnings reports from big retailers have exacerbated worries about consumer resilience and corporate profitability

Vehicle Sales Drive Retail Decline While Gas Sees Boost For May

Both vehicle and gas sales significantly impacted May retail sales overall, driving the downturn for the month.

iPhone 5 Release Date Sees Launch Of 5 New Apple Stores Around The Globe

To celebrate the release date of the all-new iPhone 5 this Friday, Apple will also open five brand-new retail stores that very day in five different countries, including cities in Spain, France, Italy, and Germany. Apple will begin selling the iPhone 5 at 8 a.m. sharp local time in all 390 of its worldwide stores, but five of those stores will be opening their doors for the very first time. Here's a little bit about each of the five Apple Stores set to open later this week. iPhone 5 Release D...

Retailers Begin Unveiling Annual Seasonal Hiring Numbers

It's that time of the year when retailers operating in the U.S. begin dribbling out statistics on holiday hires, a closely watched batch of communications considered an important economic indicator.

Coalition Partner Withdraws From Indian Government Over Economic Reform Plans

Mamata Banerjee, the chief minister of the state of West Bengal, declared that her party, the All India Trinamool Congress ? currently the second largest segment of the ruling United Progressive Alliance (UPA) coalition ? could no longer cooperate with the UPA.

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Starbucks Brings Beer, Wine to 3 More Cities

Starbucks Japan Gets On The Pop-Up Cafe Bandwagon

The world's largest coffee chain has opened a tiny pop-up cafe in a fashionable Tokyo district with an odd ordering process.

Apple's iPhone 5 Release Shatters Sales Records, Called The 'Rolex Of Smartphones' By Analyst

Apple?s iPhone 5 has been called one the most anticipated smartphone launch in history, and the device?s pre-order numbers have proven this to be true. After completely selling out in just one hour on Sept. 14, the iPhone 5 set a new pre-order record for both AT&T and Apple.

Asian Stocks End Mixed; Shanghai Tumbles 2.14%

Asian stock markets ended mixed Monday after they rallied to a four-month high in the previous session following the U.S. Federal Reserve's move to boost growth in the world's largest economy with a third round of bond purchases.

Traders work on the floor of the New York Stock Exchange

US Stock Futures Signal Lower Open After Rally On Fed Decision

The U.S. stock index futures point to a lower open Monday after the rally seen last week following the announcement of the Federal Reserve's plan to buy mortgage securities.

Reserve Bank Of India Cuts CRR By 25 Basis Points, Keeps Other Key Rates Unchanged

In a surprise move, the Reserve Bank of India Monday cut the cash reserve ratio by 25 basis points while keeping the other key rates unchanged in its Mid-Quarter Monetary Policy Review 2012.

India's 'Big Bang Friday' Reforms Might Just Stick

There were quiet celebrations in the offices of Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.

Malware Infects PCs Even Before They Reach Retail Shops, Says Microsoft Study (VIDEO)

A new study conducted by Microsoft dubbed Operation b70, from Aug. 2011, shows that several computers carry malware installed in the factory, BBC News reported.

Something For Nothing: How The Videogame Industry Is Adapting To A 'Freemium' World

As traditional video games companies like Electronic Arts and Activision Vision struggle to find their way in the free-to-play Internet-based gaming environment, "freemium" companies like Zynga and Kixeye continue to seek the new Holy Grail: monetizing online games.

Fear And Latex In Los Angeles: Will The Porn Industry Be Forced To Use Condoms?

An AIDS advocacy group wants Los Angeles County to make sure all actors in pornographic films wear condoms, but the porn purveyors are overwhelmingly against it. A California ballot initiative will decide who prevails.

Apple iPhone 5 Release Date Nears: Early Review Round-Up Features Mostly Positive Reviews

Apple iPhone 5 Release Date Approaches: Of Verizon, AT&T, Or Sprint, Which Is The Best Carrier For LTE Coverage?

Apple's first batch of pre-orders for the new iPhone 5 came and went on Friday, but even though the online Apple Store, AT&T stores and Verizon's retail stores are sold out of their initial pre-order stock, there are still thousands of customers dying to get their hands on Apple's latest smartphone innovation. Yet, one thing customers want to know about iPhone 5 before its release date next Friday is about which carrier to choose. Which carrier has the best overall coverage? Which carri...

A man walks past the BSE building in Mumbai

India Opens Gates To Foreign Retailers, Broadcasters, Airlines Amid Slowing Economy

The government of India, the world's 10th largest economy by gross domestic product, passed wide-ranging laws on Friday expanding foreign investment in the retail, broadcasting and airline sectors, opening its doors to companies like Wal-Mart Stores Inc. (NYSE: WMT) amid slowing growth.

Apple iPhone 5 Already On Sale? Complete Set Of Components Sells For $199 In China [PICTURES]

Apple iPhone 5 Pre-Orders Delayed Two Weeks From Release Date: Is Online Ordering Worth The Price Of Waiting?

One hour after pre-orders for the new iPhone 5 went live on Apple's website Friday morning, shipping estimates from the online Apple Store have already been delayed to two weeks for customers in the US, UK, Germany, Canada and Australia. Currently, any new iPhone 5 purchases will likely be shipped and delivered two weeks after the iPhone 5's actual release date on Sept. 21, by Friday, Oct. 5.

Apple iPhone 5 Pre-Orders Sell Out Within An Hour; Handset Shipment Dates Slip To Two Weeks

Just within an hour of the Apple (AAPL) iPhone 5 pre-orders going live, shipment dates for the new orders dropped to two weeks in the U.S., U.K., Canada, Germany and Australia, MacRumors stated.

FedEx boxes unloaded off delivery truck in New York after FedEx Corp. reported quarterly profit and revenue data that missed Wall Street estimates

FedEx, General Mills, Oracle, Adobe: Earnings Reports To Watch, Sept. 18-21

Analysts expect companies in the S&P 500 to post negative revenue growth rate in the third quarter. Meanwhile, profits are expected to fall 2 percent.

Forget His JCPenney Work - The Gap Hired Michael Francis For His Time At Target

To help figure out why The Gap hired Michael Francis, it's better to ignore his brief time as president of beleaguered J.C. Penney and look to his prior experience at Target.

Fed QE3 Launch Lifts US Stock Futures

U.S. stock index futures pointed to a higher open Friday as investors kept up a buoyant mood following the announcement of quantitative easing measures by the Federal Reserve, which is expected to boost economic growth.

Beyoncé, Jay-Z And President Obama Hold Contest To Bring Winner Out With Them In NYC

You can join President Barack Obama, along with Jay-Z and Beyoncé in NYC.

Cabinet to Consider Aviation FDI on Friday

The cabinet will consider a proposal on Friday to allow foreign airlines to buy stakes in local carriers, moving forward with a much-delayed reform that could revitalise debt-ridden domestic carriers.

Apple Stock Recovers Amidst iPhone 5 Hype After Pre-Announcement Drop

Shares of Apple Inc. (Nasdaq: AAPL) jumped Wednesday during its highly anticipated unveiling of a host of new high-profile software and hardware products, including the iPhone 5, in San Francisco.

An employee holds a gas pump to refill a car at a petrol station in central Seoul

$9.99-A-Gallon Gas Prices Hit Lukoil Stations In Protest Over Rising Costs

$9.99-a-gallon gas sounds like something out of an apocalyptic movie, not a realistic price to see at a gas station in New Jersey or Pennsylvania. But on Wednesday, Lukoil franchise owners across the two states posted prices that high in protest to what they say are the much higher prices Lukoil charges for fuel than its competitors, which franchisees then have to pass onto their customers in the form of higher gas prices which make their stations less competitive.

Samsung Galaxy S3 To Break 30 Million Sales As Android Jelly Bean Release Date Approaches

Samsung’s Galaxy S3, the company’s flagship smartphone of 2012, is projected to reach another 10 million unit sales before the year’s end. Samsung believes that its Galaxy S3 will achieve more than 30 million in global sales by the end of 2012, an executive said to the Yonhap News Agency.

Forget Pricey Apple, Here Are Some 'Boring' Retail Stocks That Have Outperformed The Tech Giant

Considering that the price of one share of Apple is about the same price as its unlocked iPhone (the one that allows you to switch carriers), there are less exciting, less expensive stocks out there that have done as well or better.

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